Consumer price inflation ticked up to 4.8% year-on-year (y/y) in December, in line with market expectations. Energy prices slowed to 21.2% (from 26.4% in November), but excluding energy, prices picked up noticeably, to 3.8% (from Read more…
Cable regained traction and bounced on Wednesday, signaling an end of three-day pullback, sparked by a double rejection at 200DMA (1.3733) last week. Pound was boosted by UK CPI data which showed that inflation in Read more…
Daily Pivots: (S1) 1.1288; (P) 1.1355; (R1) 1.1394; More… Intraday bias in EUR/USD remains neutral first. Outlook is unchanged that rebound from 1.1185 is seen as corrective move. Break of 1.1284 will argue that larger Read more…
Daily Pivots: (S1) 1.3561; (P) 1.3611; (R1) 1.3650; More… Intraday bias in GBP/USD remains neutral for the moment. While deeper fall cannot be ruled out, downside of retreat should be contained by 1.3489 support to Read more…
Daily Pivots: (S1) 0.9144; (P) 0.9161; (R1) 0.9191; More…. USD/CHF is staying in consolidation from 0.9090 and intraday bias remains neutral first. On the downside, firm break of 0.9084 support will argue that choppy rise Read more…
Daily Pivots: (S1) 114.34; (P) 114.70; (R1) 114.95; More… The break of 114.30 minor support suggests that recovery from 113.47 has completed at 115.05. Intraday bias is back on the downside for 113.47. Break will Read more…
Daily Pivots: (S1) 1.2478; (P) 1.2521; (R1) 1.2556; More… USD/CAD’s fall from 1.2963 resumes by breaking 1.2452 and intraday bias is back on the downside. Current development argues that whole pattern from 1.2005 has completed Read more…
Canadian Dollar jumps higher again after data should consumer inflation rose further to multi-decade high. On the other hand, Dollar is paring some gains as stock markets are trying to recover. As for the week Read more…
Shares of fintech SoFi rally after the popular mobile-first banking and lending company receives regulatory approval to officially become a bank. Shares of San Francisco-based fintech SoFi (SOFI) – Get SoFi Technologies Inc Report rallied on Read more…
Elevated yields favour dollar, Canadian inflation in spotlight Primary market focus remains centred around the Fed and how it will tackle inflation, with market participants juggling the premise of how many rate hikes will unfold Read more…